About Bitcoin – Cryptocurrency

What is Bitcoin? Bitcoin is a digital currency called cryptocurrency. Bitcoin is the currency of cryptocurrency with the highest value. Bitcoin has no physical form like any other currency. Bitcoin can be a currency for online transactions or exchange for USD or other currency. History of bitcoin: Bitcoin appeared in 2009 By a Japanese man … Continue reading “About Bitcoin – Cryptocurrency”

What is Bitcoin? Bitcoin is a digital currency called cryptocurrency. Bitcoin is the currency of cryptocurrency with the highest value. Bitcoin has no physical form like any other currency. Bitcoin can be a currency for online transactions or exchange for USD or other currency.

History of bitcoin:

Bitcoin appeared in 2009 By a Japanese man named Satoshi Nakamoto. According to some sources that the man from Japan has actually been doing research since 2007 but only introduced in 2009.

Bitcoin uses peer to peer technology without central authority. All functions such as bitcoin issuance, transaction processing and verification are carried out collectively by the network, without central supervisors or agencies to oversee operations. Bitcoin can be stored on a personal computer in a wallet file format or stored by a third party wallet provider such as blockchain, coinbase, xapo etc. And apart from that bitcoin can be sent via the internet to anyone who has a bitcoin address.

Bitcoin values and units:

BTC = Bitcoin

mBTC = milli bitcoin

μBTC = micro bitcoin

1 BTC = 100,000,000,000 Satoshi

1 BTC = 1000 mBTC (milli Bitcoin)

1 mBTC = 100,000 Satoshi

1 μBTC = 100 Satoshi

1 mBTC = 0.001 BTC

1 Satoshi = 0.00000001 BTC

How to Transcribe With Bitcoin:

How to transact with bitcoin is very easy, All you need is a wallet. Make your bitcoin wallet in blockchain, coinbase, xapo etc. Bitcoin transfer is similar to the transfer using i-banking. Only in bitcoin has its own address address. Address address is also difficult to be memorized so should be noted only.

How to Find Bitcoin:

There are many ways to get bitcoin by purchasing it, faucet, cloud mining and mining with machine. Explanation of faucet, cloud mining and mining with machine.

Faucet is a site / web that gives bitcoin for free it’s usual just by typing captcha. But the income from the faucet is very little and also tired. Cloud Mining is a solution or way of mining bitcoin by purchasing its usual mining speed in the form of GHS. While Mining with a machine is mined bitcoin with its own ordinary machine bought his machine first and each machine has its own mining speed. If mining with machine we also have to pay for electricity and need internet connection. Now there are also games that pay the player with bitcoin example game android coin flapper.

Conclusion:

Bitcoin is a digital currency that can facilitate you to transact online and also easy to use.

Bitcoin Losses:

Bitcoin prices can fluctuate up or down depending on the market as well as the rupiah to the dollar is changing

Benefits of Bitcoin:

Make it easy to participate online because now there are many e-commerce sites that offer payment through bitcoin.

How to Make Money from Cryptocurrency Trading

If you have some idle money, you’ll be surprised to see what can be done with the money

Only with some money in the form of Bitcoin, you can start trading (buying and selling) digital currencies (cryptocurrencies) from now. You do not have to pay commissions on brokers, no need to pass a third party, and no longer need to worry about any barriers to start trading. All you need to have is just a little bit of Bitcoin. If you dare to sacrifice a few percent of your money, then invest in the world of digital currency.

What is a digital currency?

Digital currency (cryptocurrencies) is more than just digital numbers used by people as money. The technology behind Bitcoin as the world’s first digital currency is a decentralized ledger that can be accessed wherever and whenever by the public as long as they are connected in the internet network. This cryptographic technology called Blockchain is what makes Bitcoin, Litecoin, Triumcoin, Darkcoin and coin-coin alternatives other than Bitcoin known as “Cryptocurrency“.

Cryptocurrency is the real Wall Street

As a decentralized ledger, Blockchain can’t be controlled or manipulated by any party, institution or institution. The designs in the technology make all transactions work virtually and without fault, and not only can be used as a tool for transferring digital currency ownership, but also to transfer assets, stocks, contracts, commodities, and escrow services. This technology has the potential to change the future of the financial world, where markets can become more democratic and eliminate the ‘banksters’ (a term for dishonest people working in the banking industry).

If you’ve only heard a glimpse of Cryptocurrency, maybe these technical terms can make you confused

It is important for you to learn about cryptocurrency, but if you are only interested in using it as a trading and investment tool then you have enough basic knowledge of business, consumer demand, and standard economic laws to stand in positions that are or even higher than other traders (at least for now). Most traders today are people who have used cryptocurrency from the start, miners, programmers and people who understand more about technology than the business or marketplace. As they focus more on the crypto community and technological innovations that make this coin-coin even more popular, you can have a greater chance as you think beyond them.

Get your first Bitcoin to start trading

There are many markets (exchanges) that provide a place to buy and sell cryptocurrency with USD or other countries currencies, but you should buy Bitcoin first instead of another cryptocurrency. With some Bitcoin, you can easily trade it into another digital currency whenever you want through markets that serve Bitcoin’s sale with alternate coins (digital currencies other than Bitcoin). You need to remember that you do not have to buy Bitcoin in full (because the price is quite expensive, 1 Bitcoin is already $3846 at the time this article was written). You just buy some parts of it, otherwise known as Satoshi. For example, 500 thousand Satoshi is equal to 0.005 Bitcoin. One of the safest places to buy Bitcoin with USD is through coinbase.com, but there are many other places you can choose to buy Bitcoin at a cheaper price or in accordance with your country’s currency.

Once you have Bitcoin, it’s time to find a good market / exchange for your trading

The digital currency market I think is most reliable is bitconnect.co. Surely there are many other markets in the world-some good, some bad, and some even gone bankrupt, like Mt. Gox. Many people are reluctant to have cryptocurrency because of the bad news that affects these markets as suddenly bankrupt exchange cases, or coin-coin customers who are stolen and lost somewhere. Personally, however, I see it as a way for emerging markets to evolve with more mature preparations.

News is spreading very fast in the world of cryptocurrency, so keep an eye on it every day

Follow the news on Twitter to find out the latest developments because the companies and cryptocurrency markets are often discussed there. You can also read info on forums that specialize in cryptocurrency topics or follow related hash tags. Information and news can be your strength, and rumors can also be an opportunity for you!

Once you have Bitcoin in the exchange account, you can start trading

However, before you randomly select and observe other digital currency charts, I recommend you to at least do some research to avoid being ‘blind’ when trading. The best way to learn about each digital currency is to add the keyword ‘ann’ after the name of the coin. For example, write “Cannabiscoin ann” in the search box. The word ‘ann’ here means announcement or news / announcement. With these keywords, you can directly connect to the forums that are on bitcointalk.org and you can access a custom thread about the coin.

Such threads will show important information you need to know such as the total existing supply of coins, details of technical issues, development plans, vision and mission, community speculation, etc. Plus, you can also go back to Twitter because the site is not just a great place to look for news, but also to track all web pages and forums associated with the coin.

Fundamentals of Trading

In researching a market traders will usually refer to fundamental analysis. If you can search for the right information in a timely manner and understand exactly how the information relates to the market, it will be easier for you to predict market trends-especially to read whether the coin will rise or fall. In addition to fundamental analysis, you can also use technical analysis. Technical analysis is just as important, but it focuses more on how to read the chart and find the specific patterns in it-for example, when the price reaches a certain point, the coin will decrease in price.

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